Investor Presentaiton
Q3 2023 Highlights
Financial Highlights
Quarter Highlights
$ in millions, except ratios and EPS
Income Statement
Q3 2023
Q2 2023
Change Q3 2022
Net Income
$
137 $
151
$
(14) $
422
Net Interest Margin
3.07%
3.14%
(0.07%)
3.32%
Net Interest Margin FTE¹
3.24%
3.29%
(0.05%)
Total Deposit Cost
1.84%
1.57%
0.27%
3.71%
0.38%
•
EPS
$
1.90 $
2.10
$
(0.20) $
5.71
Financial Ratios
ROA
ROTCE
Balance (Ending Balances)
Loans Held in Portfolio
Total Assets
Total Deposits
Borrowings
0.75%
9.36%
0.85%
10.63%
(0.10%)
(1.27%)
2.31%
31.86%
Highlights:
•
•
Net income of $153 million, excluding after-tax goodwill
impairment charge of $16 million
Net interest income increased $2.4 million
Loans increased $998 million QoQ
Non-performing loans decreased $24 million; NPL to loans
ratio down to 1.06% from 1.17% in Q2 2023
Deposits decreased $667 million, mainly P.R. Government
deposits
Borrowings decreased by $329 million due to redemption of
$300 million Senior Notes during the quarter
Common Equity Tier 1 capital ratio decreased 6 basis points
(bps) to 16.81%
$ 34,029 $ 33,031
$
998 $
31,523
69,737
70,838
(1,101)
70,730
63,338
64,005
(667)
64,819
1,098
1,427
(329)
1,301
•
Tangible book value per share decreased $1.17 to $50.20
Credit Quality
Non Performing Loans
$
362 $
386
$
NPL Ratio
1.06%
1.17%
NCO Ratio
0.39%
0.29%
(24) $
(0.11%)
0.10%
453
1.44%
0.24%
ACL-NPL Ratio
197%
182%
15%
155%
Capital
Common Equity Tier 1
16.81%
Tangible Book Value Per Share
$
16.87%
50.20 $ 51.37
$
(0.06)
(1.17) $
16.04%
38.69
1 FTE net interest margin represents a non-GAAP financial measure. See the Corporation's earnings press release, Form 10-Q and Form 10-K filed with the U.S. Securities and Exchange
Commission for the applicable periods for a GAAP to non-GAAP reconciliation. FTE stands for fully taxable-equivalent basis
3View entire presentation